The US has imposed sanctions on Gazprombank, one of the few major Russian lenders not already blacklisted over Moscow’s invasion of Ukraine, in a move aimed at restricting the Kremlin’s ability to...
Ford plans to cut about 4,000 jobs in Europe as the carmaker grapples with slowing demand for electric vehicles and fierce competition with Chinese rivals.The US company on Wednesday said the cuts...
21/11/2024
The US has boosted sales of liquefied natural gas to China this year, although the surge may not last if the incoming Trump administration collides with Beijing over trade.China imported 63% more of...
20/11/2024
President-elect Donald Trump’s transition team is considering pairing Kevin Warsh, a former Federal Reserve official, in the Treasury secretary role, with hedge fund manager Scott Bessent as director...
19/11/2024
Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said...
18/11/2024
Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.“The economy is not...
15/11/2024
U.S. consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year...
14/11/2024
China is marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021.It’s offering the three-year and five-year securities with initial price guidance...
13/11/2024
JPMorgan Chase & Co. hired Hiroki Kimakura from Goldman Sachs Group Inc. to head yen rates trading in Tokyo, as activity picks up in Japan’s $7.3 trillion sovereign debt market.Kimakura recently...
12/11/2024
Bitcoin rallied past $81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.Trump was declared...
11/11/2024